Question: Here again is the data on expense ratio (%) for a sample of 20 large-cap blended mutual funds introduced in Exercise 1.53: A normal probability
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A normal probability plot shows a distinctly nonlinear pattern, primarily because of the single outlier on each end of the data. But a dotplot and boxplot exhibit a reasonable amount of symmetry. Assuming a symmetric population distribution, does the data provide compelling evidence for concluding that the population mean expense ratio exceeds 1%? Use the Wilcoxon test at significance level .1.
1.03 1.23 1.10 1.64 1.30 1.27 1.25 .78 1.05 64 94 .86 1.05 .75 09 0.79 1.61 26 .9384
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With the population mean expense ratio our hypotheses are H 0 1 versus H a 1 ... View full answer
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